MARKET TRENDS

Large projects push building permits value to €1.55 billion

Large projects push building permits value to €1.55 billion

The value of building permits spiked by an annual 46% in January – September 2018 to €1.55 billion owing to rise in large projects, according to data released on Tuesday by the Cyprus Statistical [...]

Large projects push building permits value to €1.55 billion

The value of building permits spiked by an annual 46% in January – September 2018 to €1.55 billion owing to rise in large projects, according to data released on Tuesday by the Cyprus Statistical [...]

Cyprus' GDP grows by 3.7% in Q3

GDP growth rate in real terms, during the third quarter of 2018, is estimated at 3.7% over the corresponding quarter of 2017, according to data released on Friday by the Statistical Service of Cyprus [...]

Housing loans rates decline to a new low

Interest rates for house purchase declined to a new historic low in October, according to data released by the Central Bank of Cyprus, concerning the interest rates on new deposit and loan contracts. [...]

Total-Eni application for block 7

The Ministry of Energy, Commerce, Industry and Tourism has announced a single application from joint venture Total E&P Cyprus B.V. / Eni Cyprus Limited, for a license to carry out explorations fo [...]

President: New model for the economy

President of the Republic of Cyprus Nicos Anastasiades has presented his vision for the new model for the economy, referring to 14 important reforms, through which the government aspired to change th [...]

Golden visa funds could be used for subsidising rents

The government said it is open to the idea of channelling a portion of the proceeds from the citizenship-by-investment scheme to funding a soon-to-be-unveiled affordable housing programme. Speaking in [...]

Facebook Accused of Dark PR Tactics

Facebook faces a new controversy over alleged tactics it used to discredit its critics, embarrass rival firms and downplay problems at the company.The New York Times has published a wide-ranging acco [...]

Lakkotrypis: Cyprus energy planning on track

A drill is in place on block 10 of Cyprus’ Exclusive Economic Zone (EEZ) on the spot where the drilling will take place, Energy Minister Yiorgos Lakkotrypis said on Monday, assuring that the Republ [...]

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